If someone asks me to find the average of five values — 1, 4, 7, 8, and 10 — the equation is easy. I add up all five values and divide this by the total number of values.
how to calculate weighted average in excel with percentages
It looks like this: (1 + 4+ 7+ 8+ 10) / 5
Do the math, and we get an average of 6. Easy, right?
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Now what happens if one of these values is more important, or “weighs” more than the others? A simple average won’t reflect this importance since it assigns all values equal weight. While I could do the heavy lifting on paper to weight the values properly, there’s an easier way: The weighted average formula.
In this article, I’ll break down how to use this belize phone number material formula in Excel, offer some examples, and explore a similar formula: the weighted moving average.
Table of Contents
When to Use a Weighted Average
How to Calculate Weighted Average in Excel
Using SUMPRODUCT to Calculate Weighted Average in Excel
How to Find Weighted Moving Averages in Excel
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What is the weighted average formula?
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